International Consolidated Airlines Group (LON:IAG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of International Consolidated Airlines Group S.A. (LON:IAG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 404.34 and traded as high as GBX 457.30. International Consolidated Airlines Group shares last traded at GBX 451.05, with a volume of 19,617,975 shares.

Analyst Ratings Changes

IAG has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 500 price target on shares of International Consolidated Airlines Group in a report on Monday, November 10th. Citigroup raised their target price on shares of International Consolidated Airlines Group from GBX 620 to GBX 630 and gave the stock a “buy” rating in a research note on Monday, November 10th. Peel Hunt reaffirmed a “buy” rating and set a GBX 450 target price on shares of International Consolidated Airlines Group in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of International Consolidated Airlines Group from GBX 475 to GBX 500 and gave the company a “buy” rating in a report on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 455.

International Consolidated Airlines Group Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 338.12. The company’s 50 day moving average is GBX 424.27 and its 200 day moving average is GBX 404.34. The firm has a market capitalization of £20.03 billion, a price-to-earnings ratio of 6.81, a P/E/G ratio of 0.21 and a beta of 2.31.

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.